On economic policy, Trump is the bigger danger to both the US and the world November 7, 2016 The Western world is retreating from economic liberalism. Don’t take my word for it – look at the platforms of both Democrat Hillary Clinton and Republican Donald Trump ahead of today’s election. While a commitment to individual rights and a clear separation of powers has facilitated the conditions to maintain the US at the world’s [...]
Supply chain risk up due to post-Brexit uncertainty November 7, 2016 Global supply chain risk grew for the fourth quarter in a row to its highest level since 2013 as a result of the Brexit vote, and increased trade restrictions around the world. Analysis by the Chartered Institute of Procurement and Supply (CIPS) and Dun & Bradstreet economists showed a "disintegration of the political consensus over globalisation" with [...]
OneSavings’ boss wants to know. Until then he’ll “carry on ploughing” November 7, 2016 Clarity. It's a real buzz word at the moment, especially when referring to exactly how Prime Minister Theresa May plans to extract Britain from the EU. Andy Golding, the 25-year banking veteran in charge of challenger OneSavings Bank, is one of many business leaders calling for clarity. “I think that in any situation of change [...]
Real wages are on the wane and it’s only going to get worse, say accountants November 7, 2016 Sterling’s post-Brexit vote collapse is hitting Britons where it hurts the most. In the pocket. Inflation is outstripping wage growth as businesses are forced to pass on increased costs associated with sterling’s slump to consumers, according to a report prepared by accountants BDO. “Rapidly rising inflation is quickly going to hit the pockets of UK [...]
The Brexit vote has revealed Jeremy Corbyn’s irrelevance November 7, 2016 The weekend brought a deluge of reaction to Thursday’s High Court ruling on Article 50. Everyone from renowned legal experts to armchair constitutionalists weighed in on what the ruling meant for Theresa May and whether the judges had made the right call. Under normal circumstances, the voice of the Leader of the Opposition would be prominent [...]
Britain needs a transitional deal to avoid a cliff-edge of Brexit uncertainty November 7, 2016 Just under two weeks ago, Theresa May announced the go-ahead for a third runway at Heathrow, following years of analysis and debate. The decision was a complex one and certainly one of the PM’s toughest since taking up office in July. This, though, is dwarfed by another issue which had dominated the news agenda even [...]
Britain must raise its game on innovation to make a success of Brexit November 7, 2016 The UK economy has so far proved hardy in the face of the vote to leave the EU. While GDP growth has slowed, it’s been higher than many had expected – consumers continue to spend on the high street and exporters have been taking advantage of a weaker sterling. But uncertain times are still ahead [...]
Professors’ retirement fund to invest in future Green Investment Bank projects November 6, 2016 Macquarie Bank is poised to team-up with the pension fund that manages the retirement money of Britain's university professors as part of the privatisation of the Green Investment Bank (GIB). The Universities Superannuation Scheme (USS), a pension scheme that can trace its roots over a hundred years, will help the Australian lender pay for future funding [...]
Sterling’s hit a one month high against the dollar November 4, 2016 Sterling hit a one-month high against the dollar, today propelled by yesterday's ruling that only Parliament could start the process of leaving the EU. It was up as much as 1.6 per cent against the dollar at $1.2492 in afternoon trading in London, and up two per cent to €1.1263 against the euro. Mark Carney also helped [...]
The “whole country should be grateful” that Mark Carney’s staying until 2019, says Bank of England’s deputy governor November 4, 2016 The Bank of England's deputy governor Dr Ben Broadbent has said "the whole country should be grateful" that Mark Carney's staying in place for the next few years. A weekend of speculation over the Bank of England governor's future was brought to a halt by Carney earlier this week when he said he'd be staying in [...]